Franklin Templeton's OnChain U.S. Government Money Market Fund is now available for trading on the Ethereum blockchain, expanding its reach beyond other platforms like Base, Aptos, and Avalanche. With a market cap of $410 million, this fund is the third-largest tokenized money market fund, initially launched in 2021 as the first of its kind to utilize a public blockchain for managing transactions and ownership. Ethereum currently handles over $1.6 billion in tokenized assets, showcasing its popularity among issuers. BlackRock's USD Institutional Digital Liquidity Fund leads with $545 million, followed by Ondo’s U.S. Dollar Yield at $452 million. The asset management firm Grayscale has noted Ethereum's decentralized and neutral characteristics as beneficial for any global tokenized asset platform. Franklin Templeton's strategic move emphasizes the growing trend of integrating cryptocurrency and blockchain technology within traditional financial products.

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